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BLOCKStrain Technology (OTC:BKKSF) sees higher liquidity with new DTC full service capability

Tony Zerucha

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BLOCKStrain Technology (TSXV:DNAX.V) (OTC:BKKSF) this week announced its shares have received Depository Trust Company (DTC) full-service eligibility in the United States. DTC eligibility is expected to simplify the process of trading and enhance liquidity of the BLOCKStrain’s common shares in the United States.

Securities that are eligible to be electronically cleared and settled through DTC are considered DTC eligible. DTC eligibility enables shares of BLOCKStrain to be distributed, settled and serviced through DTC’s automated processes, thereby taking advantage of the efficiencies created in the electronic method of clearing securities and the resulting cost benefits that DTC provides through accelerated settlement processes. Companies that are DTC eligible often experience higher trading volumes in their stock given the additional accessibility and availability of shares for trading.

“DTC eligibility is another milestone for BLOCKStrain,” said CEO Robert Galarza. “With improved settlement for our shares, it opens up an opportunity for US investors to participate in the BLOCKStrain growth story and makes it much easier to buy our stock.”

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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